AT&T (NYSE:T) Updates FY 2024 Earnings Guidance

AT&T (NYSE:T - Get Free Report) updated its FY 2024 earnings guidance on Saturday. The company provided EPS guidance of 2.200-2.250 for the period, compared to the consensus EPS estimate of 2.210. The company issued revenue guidance of -.

AT&T Trading Up 0.8 %

Shares of T stock opened at $22.75 on Friday. The stock's fifty day moving average price is $22.61 and its two-hundred day moving average price is $20.73. The company has a market cap of $163.24 billion, a PE ratio of 18.50, a P/E/G ratio of 3.60 and a beta of 0.59. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T has a fifty-two week low of $15.94 and a fifty-two week high of $24.03.

AT&T (NYSE:T - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The technology company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.03. The business had revenue of $30.20 billion during the quarter, compared to analysts' expectations of $30.50 billion. AT&T had a return on equity of 13.97% and a net margin of 7.42%. The business's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS. Equities analysts predict that AT&T will post 2.19 EPS for the current fiscal year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Friday, January 10th. AT&T's dividend payout ratio is 90.24%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on T. JPMorgan Chase & Co. increased their price target on shares of AT&T from $25.00 to $28.00 and gave the company an "overweight" rating in a research report on Wednesday, December 4th. Sanford C. Bernstein initiated coverage on AT&T in a research note on Tuesday, December 10th. They issued an "outperform" rating and a $28.00 target price on the stock. Hsbc Global Res raised AT&T to a "strong-buy" rating in a report on Tuesday, October 1st. Barclays upped their price target on shares of AT&T from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $22.00 target price on shares of AT&T in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, AT&T presently has an average rating of "Moderate Buy" and a consensus price target of $25.53.

AT&T Company Profile

AT&T Inc provides telecommunications and technology services worldwide. The company operates through two segments, Communications and Latin America. The Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, carrying cases/protective covers, and wireless chargers through its own company-owned stores, agents, and third-party retail stores.